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Termination of Rental Agreement - End a Lease Early by Mutual Agreement
A Termination of Rental Agreement allows a landlord and renter to formally end a lease before its original end date. Your Termination of Rental Agreement made in Bind creates a legal record that both parties have agreed to end the rental relationship early, helping prevent future disputes.
Your Termination of Rental Agreement made in Bind will include:
Party Information
Names and addresses of the landlord and all renters involved, clearly identifying everyone who's part of both the original lease and this termination agreement.
Property Details
The complete address of the rental property and information about the original lease, including when it started and how long it was supposed to last.
Purpose Statement
Confirmation that both the landlord and renter want to end the lease early and are doing so by mutual agreement, establishing the voluntary nature of the termination.
Surrender Terms
The specific date when the renter will move out and the lease will officially end, along with requirements to return keys, access cards, and any other property belonging to the landlord.
Release of Future Obligations
Clarification that once the renter moves out, neither party will have further obligations under the original lease, except for any issues that occurred before the move-out date.
Deposit Handling
Optional section covering how and when the security deposit will be inspected, what deductions might be made, and when the remaining amount will be returned to the renter.
Legal Protections
Statements releasing both parties from future claims related to the lease while preserving the right to address any issues that occurred before termination.
General Legal Provisions
Standard clauses confirming this is the complete agreement between the parties and addressing technical legal matters like document signing.
Governing Law
Which location's laws will apply to the agreement and which courts would handle any disputes. In Bind, you can select your preferred jurisdiction for the agreement.
Creating a Termination of Rental Agreement through Bind helps both landlords and renters formally end a lease before its scheduled completion. This agreement protects both parties by clearly documenting the early termination terms, preventing misunderstandings about move-out dates, deposit returns, and remaining obligations. The document can be electronically signed by all parties, making the process convenient while maintaining legal validity.
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